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New York Fed and NYU Summer Climate Finance Conference

May 31, 2024

The Federal Reserve Bank of New York and New York University are jointly organizing the inaugural Summer Climate Finance conference, to be held on May 31, 2024, at the Federal Reserve Bank of New York. The conference will be an in-person event, featuring research paper presentations, as well as keynote speeches by Stefano Giglio and Harrison Hong. The conference will cover key issues in climate finance, including but not limited to:

  • The impact of natural disasters or disaster mitigation attempts on economic output, financial stability, credit access, etc.;
  • The impact of climate migration on economic output, household welfare, and consumption;
  • The effects of green pledges on bank lending and aggregate economic output;
  • The inflationary or macroeconomic effects of different carbon emission-mitigation techniques;
  • The impact of biodiversity collapse on welfare and economic output;
  • The pricing of climate risks across different asset classes;
  • The importance of insurance markets in hedging climate related risks.

EVENT DETAILS

Date & Time
May 31, 2024
8:30am-5:45pm

 

Location
Federal Reserve Bank of New York
13th Floor, Room 13-36
33 Liberty Street
New York, NY

 

Audience
This event is in-person, and attendance is by invitation only. It is open to academics and other researchers in the fields of economics and finance.

 

Media
This event is open to media and all remarks are on the record. The event will be recorded, with the recording to be made available afterward. Media who wish to attend or have questions should contact Mariah Measey at mariah.measey@ny.frb.org.

 

Contact
For logistical inquiries, please contact ny.researchconference@ny.frb.org.

 

Conference Organizers
Kristian Blickle, Federal Reserve Bank of New York
Julian Di Giovanni, Federal Reserve Bank of New York
Joao Santos, Federal Reserve Bank of New York
Johannes Stroebel, NYU, Stern School of Business


Agenda

TimeSession Details
8:30am - 9:15amRegistration and Continental Breakfast
9:15am - 9:30amOpening Remarks
Kartik Athreya, Director of Research and Head of the Research and Statistics Group
9:30am - 10:15amKeynote: The Economic Consequences of Biodiversity Loss
Stefano Giglio, Yale School of Management
10:15am - 11:00amAdaption in Financial Markets: Climate Diversification Through Securitization
Amine Quazad, Rutgers Business School
Matthew Kahn, University of Southern California
Erkan Yönder, Concordia University
11:00am - 11:15amBreak
11:15am - 12:00pmAuto Finance in the Electric Vehicle Transition
Adair Morse, University of California, Berkeley
Elizabeth Klee, Board of Governors of the Federal Reserve System
Chaehee Shin, Board of Governors of the Federal Reserve System
12:00pm - 1:00pmLunch
1:00pm - 1:45pmDecarbonizing Institutional Investor Portfolios: Helping to Green the Planet or Just Greening Your Portfolio
Philipp Krueger, University of Geneva
Vaska Atta-Darkua, University of Virginia, Darden School of Business
Pedro Matos, University of Virginia, Darden School of Business
Simon Glossner, Board of Governors of the Federal Reserve System
1:45pm - 2:30pmSustainability or Greenwashing
Qiping Xu, University of Illinois, Gies College of Business
Ran Duchin, Boston College
Janet Gao, McDonough School of Business
2:30pm - 3:15pmCarbon Price Uncertainty and Clean Investment
Julian Terstegge, Copenhagen Business School
Maximilian Fuchs, Copenhagen Business School
Johannes Stroebel, NYU Stern
3:15pm - 4:15pmBreak and PhD Poster Session
4:15pm - 5:00pmWhen Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets
Pari Sastry, Columbia Business School
Ishita Sen, Harvard Business School
Ana-Maria Tenekedjieva, Board of Governors of the Federal Reserve System
5:00pm - 5:45pmKeynote: How Great is Transition Risk?
Harrison Hong, Columbia University

PH.D. POSTER SESSION

  • Information about Climate Transition Risk and Bank Lending
    Bhavyaa Sharma, University of California, Santa Cruz
  • Green Neighbors, Greener Neighborhoods
    Christine Zhuowei Huang, University of Texas at Dallas
  • The World Market Price of Biodiversity Risk
    William Wei Xiong, Cornell University
  • Sustainable Investments as Carbon Offsets
    Jakob Famulok Goethe University, Frankfurt
  • Media’s Nudge: How Attention to Natural Disasters Shifts Investor Appetite for Green Assets
    Marina Andrea Misev, University of Basel
  • Flooded House or Underwater Mortgage?
    Yasmine van der Straten, University of Amsterdam
  • Distributional Consequences of Greenwashing: A Mean-Field Game Approach
    Joseph Huang, University of Pennsylvania
  • How Anti-ESG Pressure Affects Investment: Evidence from Retirement Savings
    Jane Danyu Zhang, UCLA Anderson School of Management